The Austrian School as the Impetus for a New Economic Order

The question of whether the free market or state regulation caused the crisis requires an honest answer: What share do the welfare state and its structures have in the crisis? Is state welfare necessary? Is it desirable? Or does the restoration of individual freedom and the extension of self-responsibility make for better chances? What does a new economic model that is really aimed at sustainability look like?

Author

Manfred Kastner

Manfred Kastner is Chairman of the Management Board of C.A.T. Oil AG, a leading oil and gas service company in Russia, listed on the Frankfurt Stock Exchange.

Kastner completed his studies at the University of Economics in Vienna, with a focus on capital markets, economics and languages. He is the Founder and President of the Board of the Vision Microfinance Fund, a fund with more than 100 million EUR microcredits worldwide.